MOMEN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MOMEN
Largest movements
- Tangible fixed assets +€28,675
up €28,675 (+6.5%), from €441,869 to €470,545
- Cash -€26,648
down €26,648 (-69.1%), from €38,543 to €11,895
mainly Investment in fixed assets (net) (-€43,051) and Debts after one year (-€9,862)
- Receivables within one year -€15,730
no longer reported in 2025 (was €15,730)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€16,861
up €16,861 (+97.0%), from €17,390 to €34,251
- Depreciation +€13,907
up €13,907 (+2,969%), from €468 to €14,376
- Financial charges +€11,530
up €11,530 (+1,128%), from €1,022 to €12,552
- Other operating charges -€10,368
down €10,368 (-90.7%), from €11,428 to €1,060
- Taxes +€453
up €453 (+37.2%), from €1,218 to €1,671
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,432,764 | €1,419,061 | -€13,703 | -1.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,141,869 | €1,170,545 | +€28,675 | +2.5% |
| Tangible fixed assets | 22/27 | €441,869 | €470,545 | +€28,675 | +6.5% |
| Land and buildings | 22 | €441,869 | €470,545 | +€28,675 | +6.5% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €290,895 | €248,516 | -€42,378 | -14.6% |
| Amounts receivable within one year | 40/41 | €15,730 | - | -€15,730 | |
| Trade receivables | 40 | €15,730 | - | -€15,730 | |
| Current investments | 50/53 | €236,622 | €236,622 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,543 | €11,895 | -€26,648 | -69.1% |
| Total equity and liabilities | 10/49 | €1,432,764 | €1,419,061 | -€13,703 | -1.0% |
| Equity | 10/15 | €1,039,420 | €1,044,012 | +€4,592 | +0.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €599,678 | €599,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €243,622 | €243,622 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Own shares acquired | 1312 | €236,622 | €236,622 | = | 0.0% |
| Distributable reserves | 133 | €356,056 | €356,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,742 | €374,334 | +€4,592 | +1.2% |
| Amounts payable | 17/49 | €393,344 | €375,049 | -€18,295 | -4.7% |
| Amounts payable after more than one year | 17 | €350,809 | €340,947 | -€9,862 | -2.8% |
| Financial debts | 170/4 | €350,809 | €340,947 | -€9,862 | -2.8% |
| Amounts payable within one year | 42/48 | €42,535 | €34,102 | -€8,433 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €19,191 | €9,862 | -€9,330 | -48.6% |
| Trade debts | 44 | €912 | €6,167 | +€5,254 | +576% |
| Suppliers | 440/4 | €912 | €6,167 | +€5,254 | +576% |
| Taxes, remuneration and social security | 45 | €13,431 | €9,073 | -€4,358 | -32.4% |
| Taxes | 450/3 | €13,219 | €8,861 | -€4,358 | -33.0% |
| Remuneration and social security | 454/9 | €212 | €212 | = | 0.0% |
| Other amounts payable | 47/48 | €9,000 | €9,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €14,376 | +€13,907 | +2,969% |
| Other operating charges | 640/8 | €11,428 | €1,060 | -€10,368 | -90.7% |
| Gross operating margin | 9900 | €17,390 | €34,251 | +€16,861 | +97.0% |
| Operating profit (loss) | 9901 | €5,493 | €18,815 | +€13,322 | +243% |
| Financial charges | 65/66B | €1,022 | €12,552 | +€11,530 | +1,128% |
| Recurring financial charges | 65 | €1,022 | €12,552 | +€11,530 | +1,128% |
| Profit (loss) for the period before taxes | 9903 | €4,471 | €6,263 | +€1,792 | +40.1% |
| Income taxes | 67/77 | €1,218 | €1,671 | +€453 | +37.2% |
| Profit (loss) for the period | 9904 | €3,253 | €4,592 | +€1,339 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,253 | €4,592 | +€1,339 | +41.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.